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chronic sleep deficit. you add that, you know, those two with a family history and clearly she was ripe for a heart attack. >> what about you, eva? are you the one that had the aneurism? >> yes. >> tell us about that. >> so young too. >> that's the thing. i had type 2. in my 20s i had a murmur. and i knew that something was not quite right in my heart, but they said you're okay now. come back in five years. i chose to ignore the fact that i needed to go back. i waited 13 years to go back to follow-up, and the murmur was just a little noise in my heart, but over those 13 years the aneurism on top of my heart continued to grow, and i wasn't aware of it. so when i finally did go back, they did discover that the aneurism was very large. >> you are very athletic, right? >> i like to exercise a lot, yes. >> a lot of this stuff is preventable. that's the funny thing. you can fix it from the outside, but oftentimes we don't think of it. what can people at home do if they're concerned about this? >> i think people n
chronic sleep deficit. you add that, you know, those two with a family history and clearly she was ripe for a heart attack. >> what about you, eva? are you the one that had the aneurism? >> yes. >> tell us about that. >> so young too. >> that's the thing. i had type 2. in my 20s i had a murmur. and i knew that something was not quite right in my heart, but they said you're okay now. come back in five years. i chose to ignore the fact that i needed to go back. i...
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of the house john boehner rejected that, saying republicans want a bigger agreement on a long-term deficit reduction plan. the white house also announced today president obama will be going to israel this spring for the first time since taking office. israeli media say he's due to arrive march 20th. though the white house would not confirm any of the travel dates. >>> we are learning much more tonight about the breaking story we brought you here last night. the dramatic rescue of a 5-year-old boy, after a standoff in alabama that lasted almost a week. nbc's gabe gutierrez is with us tonight from midland city, alabama. gabe, good evening. >> brian, good evening. today ethan's mother broke her silence. in a written statement she said i woke up this morning to the most beautiful sight, my sweet boy. i can't describe how incredible it is to hold him again. at the hospital today, there were no signs of the ordeal young ethan, seen here in earlier photos, has been through. >> he was running around the hospital room, putting sticky notes on everyone that was in there. eating a turkey sandwich. an
of the house john boehner rejected that, saying republicans want a bigger agreement on a long-term deficit reduction plan. the white house also announced today president obama will be going to israel this spring for the first time since taking office. israeli media say he's due to arrive march 20th. though the white house would not confirm any of the travel dates. >>> we are learning much more tonight about the breaking story we brought you here last night. the dramatic rescue of a...
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Feb 6, 2013
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it is protected and accumulated $745 billion budget deficit within the next 10 years. after adding in infrastructure needs and retiree obligation, the deficit soars to $2 billion. even if the city use the reserve fund, it would be empty in three years. we will have the mayor's response tonight at 11:00 -- tonight at 5:00 and 6:00. a scenario that is starting to feel too much like a broken record for americans. a deadline will trigger a one trillion dollars in spending cuts over the next 10 years. what this means for regular folks. >> here is what it boils down to, basically. if huge automatic spending cuts kicks in and the economy slows down, all of us will feel the impact. nearly everyone on both sides in washington would like to avoid that, the question is, how? another day, another dollar, another fiscal fight in washington. the issue now, massive spending cuts. it is called sequestration and we were not supposed to get to this point in the first place. >> this was never intended to happen, it was a proposal that was meant to spur lawmakers into action to come up wi
it is protected and accumulated $745 billion budget deficit within the next 10 years. after adding in infrastructure needs and retiree obligation, the deficit soars to $2 billion. even if the city use the reserve fund, it would be empty in three years. we will have the mayor's response tonight at 11:00 -- tonight at 5:00 and 6:00. a scenario that is starting to feel too much like a broken record for americans. a deadline will trigger a one trillion dollars in spending cuts over the next 10...
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Feb 6, 2013
02/13
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boehner says he doesn't want another temporary fix if there's no long-term agreement to reduce the deficit. some house republicans have indicated they will let the steep automatic cuts take effect. those would take a huge bite out of military and domestic programs. >>> democrats in the virginia state senate have rejected two amendments that would have provided funding for transportation projects in the state. one of the amendments would replace governor mcdonnell's retail sales tax increase with a narrow 5.5% wholesale tax on gasoline. the second amendment would have set the retail fuel tax at 8%. governor mcdonnell issued a statement which said clearly this was all about partisanship, not policy and virginians deserve far better from their elected officials. >>> d.c. mayor gray vincent unveiled new proposals in his annual state of the district address. >> we are growing more than in decades with 30,000 new residents in the last two years, a growth rate of more than 1100 net new residents per month. >> the mayor proposed spending millions of dollars to build and preserve affordable housing
boehner says he doesn't want another temporary fix if there's no long-term agreement to reduce the deficit. some house republicans have indicated they will let the steep automatic cuts take effect. those would take a huge bite out of military and domestic programs. >>> democrats in the virginia state senate have rejected two amendments that would have provided funding for transportation projects in the state. one of the amendments would replace governor mcdonnell's retail sales tax...
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Feb 4, 2013
02/13
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this the in the new normal no interest in bringing down the deficit or the debt. >> we just did this whole fiscal cliff thing at the end of the year. we thought hey had a deal where we're going to raise revenues this way and cut spending this way, blah blah blah. listen to what president barack obama said just this past sunday. >> there's no doubt we need additional revenue. coupled with smart spending reductions, in order to bring down our deficit. >> was he crossing his fingers behind his back when he negotiated the fiscal cliff deal? sounds like he is going after more revenue. >> he'll never stop trying to raise taxes. whether or not he can succeed i don't know. he comes out of a far left ideology that believes in class warfare and radical wealth restriction and to feed that you need tax revenue coming from the so-called 1% on whom he raised tax throw it the fiscal cliff deal. he knows the real now is with the mitting class so he is coming for you. so -- >> wait, wait. right there want you to listen to this. this is also what he said. >> can we close some loopholes and deductions
this the in the new normal no interest in bringing down the deficit or the debt. >> we just did this whole fiscal cliff thing at the end of the year. we thought hey had a deal where we're going to raise revenues this way and cut spending this way, blah blah blah. listen to what president barack obama said just this past sunday. >> there's no doubt we need additional revenue. coupled with smart spending reductions, in order to bring down our deficit. >> was he crossing his...
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Feb 3, 2013
02/13
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he talked about the deficit and by making reductions in spending. he talked about football. mr. obama says the threat of con suggestions for football players means everything should be done for safety, special if you are youth. the standoff between a man holding a young boy hostage and police and what investigators are saying about the situation tonight. >> panetta is speaking out r out about chuck hagel. >> there is no time like the present for john kerry >> still no end in sight to that hostage standoff in alabama. jim continues to hold a 5-year-old boy in a bunker. they have been communicating with him and they are able to provide medicine to the child. ethan will turn 6 years old later this week. so far authorities are tight lipped about what he wants. police say this standoff continues. funeral services were held until alabama for that bus driver. he tried to block him from grabbing more students off the bus. people say he acted heroricically when hi got in the way of the gunman. >> a spokesperson says clinton is a long-time friend and the mayor advised hillary clinton when
he talked about the deficit and by making reductions in spending. he talked about football. mr. obama says the threat of con suggestions for football players means everything should be done for safety, special if you are youth. the standoff between a man holding a young boy hostage and police and what investigators are saying about the situation tonight. >> panetta is speaking out r out about chuck hagel. >> there is no time like the present for john kerry >> still no end in...
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Feb 5, 2013
02/13
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everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with the family traditions. that's why the picture was posted. >> here's a simple solution. all gun control ought to apply to everybody that includes the body guards anybody who works for the department or agency. if you don't think i need this or that weapon to protect my family you don't need yours. i am saying all americans are worth the same. my family is eerie bit as valuable as anybody else's family when he works in congress or the branch. >> we have to leave it there. stay tuned. we are going to tell you what it takes to accurately predict the outcome of a football game.
everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with...
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to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal was to force a compromise by the so-called supercommittee. that didn't happen. now some lawmakers in both parties say the sequesterses of across the board cuts would be better than a bad deficit reduction deal. one senator said rather than continuing to raise taxes on hard-working americans, congress ought to be looking at ways to reduce our runaway federal spending. senator mitch mcconnell says congress acted on the tax issue when it allowed the bush administration tax cuts for the well-to-do to expire. some of them. now he says i
to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal...
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Feb 6, 2013
02/13
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that deficit would get even bigger at $2 billion. if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> president barack obama will be in the state capitol of annapolis. the president is heading there to address u.s. senate democrats during their annual retreat. the event is an opportunity for each cause to talk about the strategy for the upcoming year and a calmer -- in a calmer setting than our nation's capitol. >>> jurors are still trying to come up with a verdict in the felicia barnes murder trial. day three of deliberations will begin this morning. jurors got the case on monday and spent yesterday going over all the evidence. late in the afternoon they asked to watch two videotapes the state sh
that deficit would get even bigger at $2 billion. if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> president barack obama will be in the state...
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problem or whether deficit spending should continue. those cuts are already having an impact. a report last week showed the growth in the 4th quarter shrank because of uncertainty of what is going to happen with sequestration. that's the latest here. i'm melanie alnwick. >> thank you much. >>> in other news this morning, dc mayor vincent gray highlighted the city's successes during third annual state of district address. he mentioned a 3% drop in unemployment. the creation of 28,000 private sector jobs in the last two years. unprecedented development and a drop in crime. mayor gray says he hopes to add thousands of new affordable housing units and create new opportunities for start up businesses and tech companies. >> new this morning, dc police officer is recovering and a suspect is in serious condition after a dangerous late night call. officers responded to a domestic violence call on 13th street around 11:00 last night. the suspect attacked the officer with a knife striking him in the back. he is said to be doing okay this morning.
problem or whether deficit spending should continue. those cuts are already having an impact. a report last week showed the growth in the 4th quarter shrank because of uncertainty of what is going to happen with sequestration. that's the latest here. i'm melanie alnwick. >> thank you much. >>> in other news this morning, dc mayor vincent gray highlighted the city's successes during third annual state of district address. he mentioned a 3% drop in unemployment. the creation of...
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02/13
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will it bust the rainfall deficit? no. only .25" of rainfall. buttoned of the week will be showery both thursday and friday with a chance of showers. a little bit of fog tomorrow morning along the coast north bay valleys, then we're sunny. showers will get here thursday morning. we will have on-and-off showers for two days both thursday and friday. highs tomorrow upper 50s close to average. but with the breeze it will feel chilly. 58 concord and san jose. palo alto tomorrow 57. pleasant hill 59. hump day san ramon 57 degrees. napa 58. and mid-50s for kentfield, mill valley, sausalito and san francisco. we are looking at an extended forecast with that chance of showers on thursday and friday. over the weekend, here comes the sunshine once again. but it will still be brisk upper 50s, low 60s. next week we are dry once again. we'll be right back. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad
will it bust the rainfall deficit? no. only .25" of rainfall. buttoned of the week will be showery both thursday and friday with a chance of showers. a little bit of fog tomorrow morning along the coast north bay valleys, then we're sunny. showers will get here thursday morning. we will have on-and-off showers for two days both thursday and friday. highs tomorrow upper 50s close to average. but with the breeze it will feel chilly. 58 concord and san jose. palo alto tomorrow 57. pleasant...
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02/13
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he said they will cut the deficit by closing tax loopholes and making smart cuts in spending. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of it. >> more news later. now back to "to catch a predator." >>> they're stalking the chat rooms, then knocking on the door. welcome back to our latest investigation into computer sex predators. tonight we return to ft. myers, florida, where we've rented a home and equipped it with 13 hidden cameras. over the course of three days two dozen men arrive at the undercover house. most all the men we met had an excuse and some explaining to do. here again, chris hansen. >> he's coming around. >>> the men walking through our door range in age from 20 to 61 and come from very different backgrounds. but most of them say almost the same thing when i confront them. >> so this is the fir
he said they will cut the deficit by closing tax loopholes and making smart cuts in spending. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of it. >> more news later. now back to "to catch a...
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Feb 4, 2013
02/13
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everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with the family traditions. that's why the picture was posted. >> here's a simple solution. all gun control ought to apply to everybody that includes the body guards anybody who works for the department or agency. if you don't think i need this or that weapon to protect my family you don't need yours. i am saying all americans are worth the same. my family is eerie bit as valuable as anybody else's family when he works in congress or the branch. >> we have to leave it there. stay tuned. we are going to tell you what it takes to accurately predict the outcome of a football game.
everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with...
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president obama says he needs more revenue to cut the deficit. he says he's talking about closing tax loopholes ones that benefit high income earners. the president was in minnesota today to talk about gun control. he asked members of his audience in minneapolis to press congress to take actions on proposals such as universal background checks for gun booirs. former official of the united nations nuclear energy says iran will produce enough fuel to make a nuclear bomb every two months. iran has not decided whether to pursue nuclear weapons. special report in washington starts. >> moments ago we heard from law enforcement and aut thoefrities regarding the release of the 5-year-old little boy who has been held captive for 7 days in alabama. let's go to jonathan for the latest. >> kimberly certainly some significant developments here mid afternoon people at the press site heard some sort of a boom. at the time we couldn't tell whether it was gun fire an explosion or a truck door shutting. it got everybody's attention we started hetding over looking
president obama says he needs more revenue to cut the deficit. he says he's talking about closing tax loopholes ones that benefit high income earners. the president was in minnesota today to talk about gun control. he asked members of his audience in minneapolis to press congress to take actions on proposals such as universal background checks for gun booirs. former official of the united nations nuclear energy says iran will produce enough fuel to make a nuclear bomb every two months. iran has...
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congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and local congressmen are concerned about the impact on our economy. >> and sequestration will hurt not only the defense side but the non-defense side. my committee funds the f.b.i. there will probably be furloughs at the f.b.i. there will be furloughs potentially at the national cancer institute, at nih. this thing has ramifications for defense and non-defense. >> reporter: the cuts were originally scheduled to kick in january 1st because congress couldn't grow on a broad package to reduce the deficit several times in 2011 and 2012 in excomping for republicans agreeing to
congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and...
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Feb 6, 2013
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indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a bite out of military and domestic spending programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> on the "cbs moneywatch" now, overseas markets got a boost and postal problems. ashley morrison is here in new york with that and more. good morning, ashley. >> and good morning do you, anne-marie. well top official's resignation from the bank of japan spurred the market this morning. tokyo's nikkei jumped 3% to close out a four-year high while hong kong's hang sang sank half a percent. the dow shot up 99 points to close at 13,979 while the nasdaq gained 40 points. >>> the end of an era at the post office may be near. after losing $16 billion last year, the post master general is expected to announce today plans to cut costs. one plan mentioned in the past includes saturday mail. it's trimmed its work force by 35%. >>> rumors about dell giving up on wall street and going private are true. the struggling computer company announce
indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a bite out of military and domestic spending programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> on the "cbs moneywatch" now, overseas markets got a boost and postal problems. ashley morrison is here in new york with that and more. good morning, ashley. >> and good morning do you, anne-marie. well...
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now, at some point we're going to have to begin reducing the deficit. when we do, the economy will be weak. that will make the deficit challenge even greater. it's a negative feedback loop. right now when all these democrats say, look, mr. market is saying go ahead, borrow, we don't square. that is not a really market. that's the echols building. that's one side of washington telling the other side, don't worry, i'm buying all the bonds. now, if you think this kind of ponzi finance is anything to do with capitalism or free markets or anything to do with sustainability, then you've read an economic textbook that didn't even exist in 1995. dagen: david, thank you so much. david stockman, i know it's like facelift. like the first few you get it kind of hides your age, but eventually you're going to look, well, 8 6. connell: hasn't thought of it that way, but as always, you bring up a unique perspective. dagen: what? i'm really 75. connell: well, you look great. the ftc is pressing for new guidelines on the mobile industry. dagen: and if your worried you --
now, at some point we're going to have to begin reducing the deficit. when we do, the economy will be weak. that will make the deficit challenge even greater. it's a negative feedback loop. right now when all these democrats say, look, mr. market is saying go ahead, borrow, we don't square. that is not a really market. that's the echols building. that's one side of washington telling the other side, don't worry, i'm buying all the bonds. now, if you think this kind of ponzi finance is anything...
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this is part of an effort to cut the massive budget deficit faced by the postal service. >> i do not have any e-mail and a computer to be honest about it. i do rely on the u.s. post office mail. he is not happy about the upcoming changes that take effect august 1st. chicago district post offices will you to know that the other saturday services will continue. if you're giving medicine on saturday you're going to continue to get your medicine on saturday. if you're looking for a package from saturday you'll continue to see that package on saturday. and they're hoping that they will be able to phase this in. through attrition there might be summed elimination. we are hoping there will not be any massive changes. we hope to talk to the unions later on in the day. we will have the very latest in the evening as. law >> i've with more on why there was a delay the police are crediting several agencies as working together. he is arrested monday over seven hours. police said witnesses able to provide a description of the suspect. more importantly that witness was able to give them a partial l
this is part of an effort to cut the massive budget deficit faced by the postal service. >> i do not have any e-mail and a computer to be honest about it. i do rely on the u.s. post office mail. he is not happy about the upcoming changes that take effect august 1st. chicago district post offices will you to know that the other saturday services will continue. if you're giving medicine on saturday you're going to continue to get your medicine on saturday. if you're looking for a package...
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02/13
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if you combine those things together then we cannot only reduce our deficit but we can continue to invest in things like education and research and development that are going to help us grow. >> pelley: without raising rates again? >> without raising rates again. >> pelley: the president also made news with his opinion on the boy scouts. the national board of the boy scouts of america may decide this week whether to end its long-standing ban on gays in scouting. should scouting be open to gays? >> yes. >> pelley: why so? >> well because i think that my attitude is that gays and lesbians should have access and opportunity the same way everybody else does. in every institution and walk of life. and, you know, the scouts are a great institution that are promoting young people and exposing them to opportunities and leadership that will serve people for the rest of their lives. i think nobody should be barred for that. >> pelley: the scouts decide by wednesday. one of the oldest missing persons cases in history has been solved. how did a murderer with a history of mental illness get permits to
if you combine those things together then we cannot only reduce our deficit but we can continue to invest in things like education and research and development that are going to help us grow. >> pelley: without raising rates again? >> without raising rates again. >> pelley: the president also made news with his opinion on the boy scouts. the national board of the boy scouts of america may decide this week whether to end its long-standing ban on gays in scouting. should...
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Feb 6, 2013
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now, under the terms of some of those previous budget deals, congress must now find $58 billion in deficit reduction either by raising revenue or closing tax loopholes by march 1st. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loop hoalsz. republicans want to stick with spending cuts saying they've already done the revenue part. a study estimated 448,000 jobs in d.c., maryland and virginia could be affected by automatic budget cuts. the sequestration cuts are unpopular with both parties and there are concerns about the economic impact. >> our economy right now is headed in the right direction and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> the sooner we solve our spending problem, the sooner our jobs problem will go away as well. >> reporter: you may remember these cuts were originally scheduled to kick in on january 1st because congress could not agree on a broader package for deficit reduction back in 2011 and 2012 in exchange for republicans agreeing to raise the de
now, under the terms of some of those previous budget deals, congress must now find $58 billion in deficit reduction either by raising revenue or closing tax loopholes by march 1st. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loop hoalsz. republicans want to stick with spending cuts saying they've already done the revenue part. a study estimated 448,000 jobs in d.c., maryland and virginia could be affected by automatic budget cuts....
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Feb 7, 2013
02/13
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as a matter of fact, now the deficit is -- the amount compared to our g.d.p. is cut in half. so we are making some inroads. i want to make sure i agree, i think democrats are not afraid at all to cut the budget where it's necessary. but you need to solve this problem with three types of moves. you got to cut the budget, deal with revenues, and invest in this economy for education, energy, and infrastructure. it's a three-prorng approach. nij who thinks you can only do one of these and magically a $16 trillion debt wirl val in-- will vanish overnight is in another world that doesn't exist on this planet. i appreciate the debate that goes on here but we need to be honest, realistic, practical, in dealing with these budgetary issues and they will be tough. people will not -- i can see them now, my town hall meetings when i go to them. sale say cut the budget which we will do. don't get me wrong. we will do that. but when i go back to that same town hall meeting they'll say i didn't mean that program. that will be the story. but the fact is we have serious issues we have to deal
as a matter of fact, now the deficit is -- the amount compared to our g.d.p. is cut in half. so we are making some inroads. i want to make sure i agree, i think democrats are not afraid at all to cut the budget where it's necessary. but you need to solve this problem with three types of moves. you got to cut the budget, deal with revenues, and invest in this economy for education, energy, and infrastructure. it's a three-prorng approach. nij who thinks you can only do one of these and magically...
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>> i would add ironically the budget deficit is falling. certainly as a percentage of gdp and we'll get on tuesday, i think, from the congressional budget office new budget figures that show, in fact, that the deficit is dropping and dropping pretty significantly. >> guys, one last question to each of you. you have been watching the markets for so long. we have near records for stocks. gdp that shrank, jobs growth that is okay. why is the market so excited about what's happening either corporate profit or the economy? >> you know, that is a good question. i think a lot of people have been asking it. i think we have been in the context of record corporate profits. the fundamentals of the stock price. if you added up all the money that the market forecasts that the company will make in the future, that's how much the stock should be worth. so, record corporate profits in some sense should have been reflected in higher prices already. and now, the only reason they weren't, i think, is because people were afraid that washington might blow it up
>> i would add ironically the budget deficit is falling. certainly as a percentage of gdp and we'll get on tuesday, i think, from the congressional budget office new budget figures that show, in fact, that the deficit is dropping and dropping pretty significantly. >> guys, one last question to each of you. you have been watching the markets for so long. we have near records for stocks. gdp that shrank, jobs growth that is okay. why is the market so excited about what's happening...
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the president's bipartisan commission came up with a deficit reduction plan. i think we're back to ground zero again. but it doesn't feel like it this time. i don't know why. i think frankly it's going to happen. >> got about five seconds. final words. >> more government in business than you like to admit. >> we will see. unfortunately it's not too far from now where we will see. we'll be right back. thank you, gentleman. ♪ ♪ i'm halfway to your heart ♪ you have to let me know ♪ so i don't make my worst mistake ♪ ♪ turn around and let you go [ female announcer ] when sweet and salty come together, the taste is irresistible. made with sweet, smooth peanut butter and salted, roasted peanuts. sweet and salty nut bars by nature valley. nature at its most delicious. >>> the voting is over. now, today is the day your monopoly board will get a make over. hasbro will announce which game piece it will eliminate. remember we talked about this a while back. and as you can see on the graph, the shoe, the wheelbarrow and the iron are in the danger zone. whichev
the president's bipartisan commission came up with a deficit reduction plan. i think we're back to ground zero again. but it doesn't feel like it this time. i don't know why. i think frankly it's going to happen. >> got about five seconds. final words. >> more government in business than you like to admit. >> we will see. unfortunately it's not too far from now where we will see. we'll be right back. thank you, gentleman. ♪ ♪ i'm halfway to your heart ♪ you have to let...
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indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a big bite out of military spending and domestic programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> we're learning more about the dramatic rescue of that young alabama boy held hostage for a week. the boy identified only by his first name, ethan, celebrated his sixth birthday today. when the fbi stormed the bunker where he was held by his captive, the suspect opened fire. the suspect jimmy lee dykes was killed in that fire fight. dykes was accused of killing ethan's bus driver before kidnapping the boy and it appears he was prepared for a raid. investigators found a bomb in the bunker and one in the pipe dykes used to communicate with the authorities. marlie hall reports. >> reporter: investigators are still gathering and processing evidence from the underground bunker where suspect jimmy dykes held ethan captive. the fbi's hostage rescue team stormed into the bunker monday, set off flash grenades, and then shot and kille
indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a big bite out of military spending and domestic programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> we're learning more about the dramatic rescue of that young alabama boy held hostage for a week. the boy identified only by his first name, ethan, celebrated his sixth birthday today. when the fbi stormed the bunker...
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to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be finished before march 1st, and unfortunately that's the date when a series of harmful automatic cuts to job-creating investments and defense spend, also known as sequester, are scheduled to take effect. so, if congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a
to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be...
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the president will largely focus his attention on immigration reform and deficit reduction exactly one week ahead of his state of the union address. president obama is juggling a full plate of proposals on guns and immigration. janet napolitano. >> we are committed to making sure this sector and the entire southwest border remains secure. >> reporter: immigration reform would allow estimated 11 million undocumented immigrants living in the u.s. to earn citizenship. on monday he took his push for tougher gun laws to minneapolis, the city known as murderapolis in the mid '90s. >> weapons of war have no place on our streets or in our schools or threaten iing our law enforcement officers. >> reporter: against the backdrop of those officers, president obama urged supporters to call on congress to act. >> we don't have to agree on everything to agree it's time to do something. >> reporter: while both sides largely agree with a need for extended background checks, reinstating the assault weapons ban remains the most controversial effort. president obama is ignoring the nation's economic chall
the president will largely focus his attention on immigration reform and deficit reduction exactly one week ahead of his state of the union address. president obama is juggling a full plate of proposals on guns and immigration. janet napolitano. >> we are committed to making sure this sector and the entire southwest border remains secure. >> reporter: immigration reform would allow estimated 11 million undocumented immigrants living in the u.s. to earn citizenship. on monday he took...
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to address government spending so they deficit spend. both sides which is why this country does not trust washington. >> i want to get quickly to another issue, chuck hagel's confirmation hearing this week. not even the white house would defend his performance. here's a piece of it. >> i support the president's strong position on containment, as i said. if i said that, meant to say that i -- obviously his position on containment, we don't have a position on containment. >> we do have a position on containment, which is that we do not favor containment. >> he was kind of a surprise there from chuck hagel, probably not going to hurt his chances of confirmation, is even getting some republicans -- >> i think he's going to make it but if you have to clarify your clarification, you're in trouble, no. i mean if we compare, for instance, what he went through with what hillary clinton did with the benghazi hearings, he had two different perspectives. hillary clinton was strong and solid and getting ready for 2016. at the same time, chuck hagel,
to address government spending so they deficit spend. both sides which is why this country does not trust washington. >> i want to get quickly to another issue, chuck hagel's confirmation hearing this week. not even the white house would defend his performance. here's a piece of it. >> i support the president's strong position on containment, as i said. if i said that, meant to say that i -- obviously his position on containment, we don't have a position on containment. >> we...
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place as you know to try to be a bit of a force on congress to make a more sweeping plan of long-term deficit reduction when they couldn't do that, this automatic cut put in to place, in to law. now republicans saying that they expect it will happen and in part are okay with that. because it would automatically begin achieving some spending cuts that the two sides have not been able to come to terms with in another way. you heard the president saying there needs to be more time and the real wrinkle now is that republicans thought the tax issue of increasing rates and more revenue just resolved and from their point of view, they thought no more taxes. that issue's off the table but democrats and the president are talking about things like the famous corporate jet loophole and other things to bring in more money. republicans are saying, no. this is going to be one of those standoff moments. will there be a lot of tension between both sides to try to figure this out? >> absolutely. 2:30 eastern time, the professionive caucus to introduce legislation to eliminate the sequester and seeing a lot of
place as you know to try to be a bit of a force on congress to make a more sweeping plan of long-term deficit reduction when they couldn't do that, this automatic cut put in to place, in to law. now republicans saying that they expect it will happen and in part are okay with that. because it would automatically begin achieving some spending cuts that the two sides have not been able to come to terms with in another way. you heard the president saying there needs to be more time and the real...
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with the information from the congressional budget office saying that they're predicting the budget deficit below $1 trillion for the first time in the president's tenure in office but the agency also goes on to project that the economy will grow 1.4%, just 1.4% if the 85 billion cut affect as scheduled march 1st. here we are with another deadline that's certainly will affect the average working person as we heard from the president. the unemployment would average an 8% if this happens according to the cbo. >> well, and this is the president's message, as well. there would be consequences to the economy if we just let the sequester happen. which some of the republicans have been threatening to do saying it would actually be a good thing and not scared of it. i view that as a bit of a bluff and brinksmanship going on. this is something as you were just saying is designed to be politically unpalatable to both sides and to maintain they're okay with letting it happen i don't think i fully believe that. but, you know, obama is on offense and he's trying to stay on offense on absolutely every is
with the information from the congressional budget office saying that they're predicting the budget deficit below $1 trillion for the first time in the president's tenure in office but the agency also goes on to project that the economy will grow 1.4%, just 1.4% if the 85 billion cut affect as scheduled march 1st. here we are with another deadline that's certainly will affect the average working person as we heard from the president. the unemployment would average an 8% if this happens...
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if we combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and things that will help us grow. >> meantime, the president leaves washington tomorrow for minnesota to make his case for new gun restrictions. it's part of an attempt to pressure congress to take action in the wake of the horrific shootings in newtown, connecticut. the president has called for new safety programs and universal background checks. he also wants congress to renew the assault weapons ban. >> let's talk more now about the president's push for new gun restrictions with our contributors lz anderson and anna, in washington, a republican strategist. so guys, as the president gets ready to take his message on the road, the white house released a photo that shows him skeet shooting at camp david. there he is in his golf shirt, firing away. so anna, the president says skeet shooting is something he does all the time at camp david, but until a week ago he had never even mentioned it before. what is going on here? >> look, i think -- i think
if we combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and things that will help us grow. >> meantime, the president leaves washington tomorrow for minnesota to make his case for new gun restrictions. it's part of an attempt to pressure congress to take action in the wake of the horrific shootings in newtown, connecticut. the president has called for new safety programs and universal background...
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joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing childre and the needs of health care costs rising and implementation of the president's health care law and we will talk about trying to make life work again for so many millions of americans. >> let me ask you this, one of the great frustrations, i was on the panel of any national conservative institute and people talking about not only the conservative movement but the republican party. one of the frustrations voiced by bill crystal and john pedoritz -- did i say it right? we complained about dodd-frank but really didn't have a strong alternative to dodd-frank. we c
joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing...
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the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to be paying a lot of money on that debt, and it's going to crowd out vital public services. and that's why we had to worry about the debt all along. and we didn't. now it's built up. now we're facing reality. i thought it was a little odd. the president said, well, we have to do something, but he didn't offer anything to do because the main part he played was two months ago, he said, let's make the tax cuts permanent, both sides, and now we see, well, you can't afford that. >> you talk about paul krugman -- >> that's what they
the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to...
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they are not sure they want to use that money to lor lower the deficit. that is one of the issues that will need to be resolved as the president and congress workout this deal to avoid this sequester, gregg. gregg: the republicans didn't win the last tax battle. we'll wait and see. wendell goler live at the white house. thank you. martha: there are new questions today about the biggest gas price skwrupl nap years in some states. what is going on out there? we'll have new details and what might be the latest pain at the pump. . . . ..
they are not sure they want to use that money to lor lower the deficit. that is one of the issues that will need to be resolved as the president and congress workout this deal to avoid this sequester, gregg. gregg: the republicans didn't win the last tax battle. we'll wait and see. wendell goler live at the white house. thank you. martha: there are new questions today about the biggest gas price skwrupl nap years in some states. what is going on out there? we'll have new details and what might...
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they are not sure they want to use that money to lor lower the deficit. that is one of the issues that will need to be resolved as the president and congress workout this deal to avoid this sequester, gregg. gregg: the republicans didn't win the last tax battle. we'll wait and see. wendell goler live at the white house. thank you. martha: there are new questions today about the biggest gas price skwrupl nap years in some states. what is going on out there? we'll have new details and what might be the latest pain at the pump. . . . .. martha: we're working on getting more information on u.s. gold medalist lindsey vonn. she is a four-time world champion. the event that was going on in austria, she had a crash. she said it was very foggy. it was delayed a couple hours. three out of the other four top racers did not finish the race. on the left-hand side of the screen you can see her being airlifted. when she got up, she stumbl.
they are not sure they want to use that money to lor lower the deficit. that is one of the issues that will need to be resolved as the president and congress workout this deal to avoid this sequester, gregg. gregg: the republicans didn't win the last tax battle. we'll wait and see. wendell goler live at the white house. thank you. martha: there are new questions today about the biggest gas price skwrupl nap years in some states. what is going on out there? we'll have new details and what might...
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. >> reporter: at one point they led 28-6 and no team ever came back from more than a 10 point deficit to win the super bowl but the 49ers roared back in the second half and the thrilling rally ended five yards short less than two minutes to go and look at this play, right there, ravens won 34-31. >>> oh, yeah, last night fireworks lit up the sky in many parts of san francisco, a lot of 49ers fans wanted to celebrate another 49ers win but after that tough loss, a lot of fans decided to celebrate, it is just a fantastic season for the 49ers and they are already looking forward to next year. >>> well, thousands of 49ers fans packed san francisco bars to watch the game but police say there were some arrests after being mostly peaceful. alex is here to talk about crowd control effort. >> reporter: they did not use their disappointment to cause problems, only a handful of issues for police who were out in force prepared for potentially rowdy crowds and they were focused on hot spots and that includes here in the mission district where we have not seen much in the way of police activity, mos
. >> reporter: at one point they led 28-6 and no team ever came back from more than a 10 point deficit to win the super bowl but the 49ers roared back in the second half and the thrilling rally ended five yards short less than two minutes to go and look at this play, right there, ravens won 34-31. >>> oh, yeah, last night fireworks lit up the sky in many parts of san francisco, a lot of 49ers fans wanted to celebrate another 49ers win but after that tough loss, a lot of fans...
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we talk about debt and deficit a lot. according to the cbo report our debt is growing, the deficit has come down. what can you tell us about the discrepancy there? >> right. well the federal budget deficit is about half of what it was in 2009, this is the yearly federal expenditures, right stp-t budget battle in washington continues to be a philosophical debate on spending cuts versus taxes, and what the right battle should be to fix our fiscal mess. do we swallow the bitter pill now for cuts and higher taxes to purchase growth in the future or do we reign in taxes. they need to know what to do about 85 billion in spinning cuts. republicans, no surprise said spending cuts only, that's been the mantra. jenna: that's where they are. and we'll see where potentially we meet in the middle. eventually we'll have to do something. big numbers out there. lori, thank you. jon: speaking of spending cuts, big changes could be coming to your mailbox. the u.s. postal service set to scrap saturday mail delivery. but does that cash-strap
we talk about debt and deficit a lot. according to the cbo report our debt is growing, the deficit has come down. what can you tell us about the discrepancy there? >> right. well the federal budget deficit is about half of what it was in 2009, this is the yearly federal expenditures, right stp-t budget battle in washington continues to be a philosophical debate on spending cuts versus taxes, and what the right battle should be to fix our fiscal mess. do we swallow the bitter pill now for...